India gains on China among multinationals. The article points out how in India Whirlpool manufactures for the local market, while in China it manufactures for export. So naturally it prefers India. Meanwhile, No-frills cars gain fans in China:

Chinese-owned carmakers such as Geely and Chery Automobile are grabbing sales from overseas rivals by undercutting their prices and, Honda Motor and Toyota Motor allege, stealing their designs and technology. The government said last week in an auto-industry policy statement that it wanted local carmakers to become globally known brands.

Models from Geely, China's biggest privately owned domestic automaker, and the state-owned Chery are making it harder for General Motors and other international automakers - which use more imported parts than their local rivals - to sell cars in a country where annual urban incomes average $1,000.